The Workers’ Compensation Insurance Rating Bureau made its pure premium rate filing official last week and sought a 2.7% increase in California workers’ comp advisory rates effective September 1, 2021 – the first increase since rates began to fall in 2015. The filing is at odds with the recommendations made by the public members of …
Updated Copy: This article has been updated to correct the rate recommendation from the public members’ actuary. The correct data is represented in the article. The Workers’ Compensation Insurance Rating …
The Workers’ Compensation Insurance Rating Bureau has proposed regulatory changes to consolidate several construction classifications and update the expected loss rates (ELRs) to calculate new X-Mods for September 1st, 2021. …
Applied Underwriters is asking the New Mexico Office of the Superintendent of Insurance (OSI) to delay a hearing that could cost California Insurance Company-New Mexico its certificate of authority to …
The Workers’ Compensation Insurance Rating Bureau is deep into its analysis of California’s 2020 workers’ comp experience. It is working on the upcoming rate filing, which officials say will be one of its most challenging filings in years. However, two controversial provisions from the most recent filing are unlikely to return. The Bureau is backing …
The Senate Rules Committee gave its unanimous approval to Insurance Commissioner Ricardo Lara’s appointment of Joe Holloway (see photo) to be the chief executive officer of California’s Conservation and Liquidation Office. Holloway has been with the agency for nearly two decades and overseen numerous carrier insolvencies and conservations. He replaces David Wilson, who retired last …
Gov. Gavin Newsom unveiled a proposed $227.2 billion state budget that includes emergency COVID-19 relief funding for businesses and unemployed Californians. The budget also calls for an extra $8.7 million to fund 43 new positions at the Department of Industrial Relations to implement chaptered legislation related to the pandemic and expanded worker protections. The $227.2 …
Workers’ Comp Executive launches each new year with the publication of a list of the “Top Stories” from the prior 12 months. Some years are more newsworthy than others, but we certainly had some doozies during what was our 30th year covering the California workers’ comp industry. Beset by the COVID-19 pandemic, Governor Newsom followed …